Cisco Systems has announced that it is buying Pure Digital for about $590 million in stock. The company has enough cash for investing in such companies and CEO John Chambers said that a weak economy can mean a good opportunity. Pure Digital has only been around for about 2 years and about 2 million Flips have already been sold. In a kind move, Cisco is offering stock incentives for employees who stay with the company.
Read More | USA Today
Remember the Magic 8 Ball? We know that you still have one that you need in bouts of real insecurity. For these troubled economic times, the virtual Wall Street Guru is the perfect answer. Ask it a question and it will respond with such answers as:
- “Tech Stocks Hot”
- “Bear Market Ahead”
- “Out to Lunch”
- “Buy T-Bills ”
- and the ever popular “Unclear Ask Again”
It may not be the answer to all your financial needs, but at least you won’t have to take credit for bad decisions. Carry it on your next trip to Wall St. for $7.95.
Read More | Archie McPhee